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you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is fully funded. almost no pension plan is fully funded. once you get on 80% or 90%, you're in very good shape. >> maybe that's what we need to change. >> i would point out that part of the reason you don't have overfunded pension funds is that government regulations discourage funds from having more than 80% or 90%. that's a real problem. you get years like 2007 or 1999 where you've got a big booming market. and then the irs says disgorge all these extra overfunding that you have. and then when the market crashes, as everyone knew it would, a lot of these ended up in problems. i a
you're right in your description of detroit but detroit is kind of one of a kind. it is actually a mistake. there are people who said that. none of them are on this panel. it is a mistake to say we're all greek -- we're all greece or we're all detroit. detroit with its declining tax base, that is really at the heart of many of the problems we're seeing here other cities don't quite face that. and there are bad actors but there are also good actors. it is clear that almost no pension plan is...
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Aug 8, 2013
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his vice president summed it up saying bin laden is dead and detroit is alive. but the fact is you have had to walk that back because there is a threat. apparently serious enough to close all of these embassies. and more broadly, i think you are seeing the collapse of a lot of the progressive doctrine that has gone into obama's foreign policy this notion that beginning even before obama took office in berlin that you could go and apologize for america. blow kisses at europe, then, you know, outstretch your hand to iran and now you go to cairo, apologize for america. apologize for a cia operation that took place nearly a decade before obama was gone. and end wars. and that that would somehow make these threats go away. it just hadn't happened. obama still can't name the threat we face. saying it's just extremism. i know someone who calls himself extreme yoga instructor. put her in guantanamo and make the enemy safer. the enemy in this regard is islamism. we are doing just about nothing to fight that. >> laura: christian, i will take issue with something you said
his vice president summed it up saying bin laden is dead and detroit is alive. but the fact is you have had to walk that back because there is a threat. apparently serious enough to close all of these embassies. and more broadly, i think you are seeing the collapse of a lot of the progressive doctrine that has gone into obama's foreign policy this notion that beginning even before obama took office in berlin that you could go and apologize for america. blow kisses at europe, then, you know,...
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Aug 9, 2013
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. >> detroit is going bankrupt. obama said that he saved detroit.s we played it more than a few time here. he was running on that 50 years of democratic rule. the real cause of nbc is the parasites, the conservatives are the real villains in detroit's bankruptcy. >> conservatives are using the most insulting language possible that they can come up with to blame unions, blame black people, blame their culture for detroit's troubles.esup the real parasites are their conservative ideals that are coming from state government an from the feds. your tax dollars went to save the financial sector in this country.govern will your tax dollars go to s. float a loan to the people and e the workers of detroit to rebuild their communities?financ hell, no. dollar big banks are the real parasitep of detroit and the people are the victims in this. deir union busting is the real parasite.banks ar conservative policies which p helped businesses out for yearsi are now saying, nay, we don't want to fund public education. we are not goin
. >> detroit is going bankrupt. obama said that he saved detroit.s we played it more than a few time here. he was running on that 50 years of democratic rule. the real cause of nbc is the parasites, the conservatives are the real villains in detroit's bankruptcy. >> conservatives are using the most insulting language possible that they can come up with to blame unions, blame black people, blame their culture for detroit's troubles.esup the real parasites are their conservative...
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>> 50 years of government controlled by democrats in detroit. this is the perfect wreckage of liberalism. this is the intersection of terrible policy and corrupt politics. what does that show? plain conservatives. >> if all else fails, blame bush. brother bozell, good to see you. >>> coming up next, you voted. we listen. up next, we play what you have chosen as tonight's video of the day. that's next. ♪ [ male announcer ] clearly this isn't one of those speed-eating contests. that's a hebrew national hot dog. a kosher hot dog. that means we're extra choosy about the cuts of beef that meet our higher kosher standards. and only a good, old-fashioned slow-motn bite is gonna capture all that kosher delight. and when your hot dog's kosher, that's a hot dog you can trust. hebrew national. you will lose 3 sets of keys 4 cell phones 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and pro
>> 50 years of government controlled by democrats in detroit. this is the perfect wreckage of liberalism. this is the intersection of terrible policy and corrupt politics. what does that show? plain conservatives. >> if all else fails, blame bush. brother bozell, good to see you. >>> coming up next, you voted. we listen. up next, we play what you have chosen as tonight's video of the day. that's next. ♪ [ male announcer ] clearly this isn't one of those speed-eating...
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Aug 6, 2013
08/13
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the united states, and you take a look at the states and cities that are taxing people highly like detroit, and you see what eventually happens to them. >> pat, why don't we put a check box on the tax return, and everybody that wants to pay more can pay more? i'm all in favor of free choice. >> you've got a very good point. i really believe that people ought to say, look -- have a surtax for some of the programs our liberal friends support, and some can say, look, this is optional. you can choose to pay or not to pay, and check it off and see which ones do it. every time they've had something like that, about 1% of the folks check it off and pay extra. >> is that fair, ebony? >> i don't think that serves any real purpose, gentlemen. i think ultimately if we want our tax base to be supportive of upward mobility, and that's certainly, i think, the point there, then we need to be collective in that process. >> give me a percentage. out of every dollar that somebody makes in america, regardless of what their income is, what is the maximum somebody should have to pay pto the government? what sh
the united states, and you take a look at the states and cities that are taxing people highly like detroit, and you see what eventually happens to them. >> pat, why don't we put a check box on the tax return, and everybody that wants to pay more can pay more? i'm all in favor of free choice. >> you've got a very good point. i really believe that people ought to say, look -- have a surtax for some of the programs our liberal friends support, and some can say, look, this is optional....
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dagen: i am a daily reader of the detroit free press. it was last week you ran article about some of the things that were bothersome like car loans, the terms are getting longer. why is that disturbing? why should we be concerned about that? >> a couple things to keep an eye on to make sure they don't get out of whack and one of the ms. this 72 month, six your car loan accounted for 30% of sales in july. that is a long time supporting higher sales prices for cars. the average car costss$28,000. that is good but if people are stuck in loans that are so long that the car's worth less than they owe that is a problem. dagen: one last thing. how do people in default if the elected a bankruptcy filing? talking about how great car sales are but how are the folks doing? >> it is a mixed picture. there is nervousness, there is a feeling that a lot of this had to happen, it was inevitable and the future is better but how we get from here to the future is an uncharted road. dagen: thanks for being here, you're welcome back anytime, taught cars all
dagen: i am a daily reader of the detroit free press. it was last week you ran article about some of the things that were bothersome like car loans, the terms are getting longer. why is that disturbing? why should we be concerned about that? >> a couple things to keep an eye on to make sure they don't get out of whack and one of the ms. this 72 month, six your car loan accounted for 30% of sales in july. that is a long time supporting higher sales prices for cars. the average car...
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Aug 7, 2013
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detroit is $18 billion in debt. the average police response time for high priority calls is almost an hour. half the parks have been closed since 2008. 40% of street lights don't work. it does kind of beg the question why would anybody want to run for mayor? >> yeah. that's a good question. i mean, i think right now the two candidates for mayor are both playing their respective strong cards. napoleon is playing i'm a police chief, i'll bring law and order to the city and dugan is saying i'm an ceo and i've turned around other failing organizations in the past and i can work with the emergency manager to turn around detroit. in reality neither have very much power and it rests in the hands of the emergency manager and his boss, the governor of michigan. >> you know what detroit was in its glory days. this was an industrial power house and it didn't bring us just cars but great music. at one point, such a beautiful city, it was called the paris of the west. there are some other midwestern industrial cities and you aha
detroit is $18 billion in debt. the average police response time for high priority calls is almost an hour. half the parks have been closed since 2008. 40% of street lights don't work. it does kind of beg the question why would anybody want to run for mayor? >> yeah. that's a good question. i mean, i think right now the two candidates for mayor are both playing their respective strong cards. napoleon is playing i'm a police chief, i'll bring law and order to the city and dugan is saying...
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Aug 11, 2013
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detroit, the average pension in detroit is under $20,000. cops in ann arbor cost 50% more than cops in detroit. >> well, this is an attack on organize the labor. >> absolutely. >> it's an attack to really break down the voting bloc as well. there's a number of different accomplishments that could come to fruition throughout all of this. >> yes. >> it all starts with the bankruptcy and it all starts with a takeover of an election. it's really sad what's going on. i hope america pays attention. thanks so much for joining us tonight. >> thank you. >>> marriage equality comes to the keystone state of pennsylvania. we talk to a pennsylvania mayor who's leading the charge. >>> and senator marco rubio heads to his home turf with a phony grassroots campaign. we'll look at what really -- what he hopes to accomplish, ahead. >>> next, i'm taking your questions on "ask ed live." that's my favorite segment. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support and an end to alzheimer's di
detroit, the average pension in detroit is under $20,000. cops in ann arbor cost 50% more than cops in detroit. >> well, this is an attack on organize the labor. >> absolutely. >> it's an attack to really break down the voting bloc as well. there's a number of different accomplishments that could come to fruition throughout all of this. >> yes. >> it all starts with the bankruptcy and it all starts with a takeover of an election. it's really sad what's going on. i...
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what does it mean to detroit? >> this is tough, tough, tough for detroit. the manufacturing jobs in detroit have disappeared. back in the 50's 300,000 manufacturing jobs. last year, 27,000 jobs. those jobs have dispersed all over the united states and some are replaced by computers. the jobs are not coming back. detroit used to have a population of 1.85 million people. now they barely hit 700,000. this is a city that has been in decline for 60 years. tough times. >> heather: will the trend continue in 2014? for car sals, in general. >> guest: car sales can remain a recovery story because of pent up demand and the very old cars on the road. i don't thing we will suddenly see 25 million cars being sold. >> heather: not good news know detroit. 300,000 manufacturing jobs and down to 27,000. we appreciate you joining us. do you remember your first car in mine was a 64corvair. >> gregg: i had a mercury colony park used. it was wasn't a model t. >> the fight for the soul of the republican party with new jersey governor chris christie and kentucky senator rand paul
what does it mean to detroit? >> this is tough, tough, tough for detroit. the manufacturing jobs in detroit have disappeared. back in the 50's 300,000 manufacturing jobs. last year, 27,000 jobs. those jobs have dispersed all over the united states and some are replaced by computers. the jobs are not coming back. detroit used to have a population of 1.85 million people. now they barely hit 700,000. this is a city that has been in decline for 60 years. tough times. >> heather: will...
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. >>> and then hard core deals at the store in detroit. >> i will give you the whole package, everything included. golf clubs and a crowbar, and $800 altogether. >> sounds good. >> thank you very much. >> i will have my guys write you up. >> joining me on the streets of new york for a lesson to try and get the best price on everything. if you have not asked your boss for a raise, watch this before you do it. to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actually use, you never miss the fun. beard growing contest and go! ♪ i win! what's in your wallet? vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin yo
. >>> and then hard core deals at the store in detroit. >> i will give you the whole package, everything included. golf clubs and a crowbar, and $800 altogether. >> sounds good. >> thank you very much. >> i will have my guys write you up. >> joining me on the streets of new york for a lesson to try and get the best price on everything. if you have not asked your boss for a raise, watch this before you do it. to fly home for the big family reunion. you must...
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gerri: i have to ask you about detroit your city -- company is fond of the city you have a bright sny new ildings so whatoes detroit we do to make it out of the nkruptcy >> there's been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. private investment is that the all-time high. that is certainly difficult but it is long overdue that this happened so we have to address the problems of this city in the bankruptcy is difficult but it is giving us the opportunity to deal th legacy issues to come out the other side. we have to get through the bankruptcy process and that will take time but as we look at this we're bullish on the straight that they have great balance and great infrastructure to have our renaissance like it deserves gerri: great's formation we appreciate you comin on. , back. >> my pleasure. i am happy to come back. gerri: a lot still to come how to turn your part-time job into full-time and the they are sending your kid to college but what about loans for day care? i am not kidding. we will talk abo
gerri: i have to ask you about detroit your city -- company is fond of the city you have a bright sny new ildings so whatoes detroit we do to make it out of the nkruptcy >> there's been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. private investment is that the all-time high. that is certainly difficult but it is long overdue that this happened so we have to address the problems of this city in the bankruptcy...
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Aug 17, 2013
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. >> although we do think city employees working for detroit did think they would get a reasonable retirement compensation the pension cut of even 20 percent could be devastating with the mismanagement of the budget is a reason to eliminate pensions. >> the it is helped to elect the same liberal idiots that lost their pension-fund they reaped the benefits now they should pay for their mistakes as the only way we will ever regain control of the lost government. >> great e-mail's. e-mail me. finally, it is frustrating not there as an individual investor first the.com both in the mortgage meltdown then the great recession. it is tough to keep the faith when your portfolio and gyms around like a yo-yo but the top story of alternative investments points out the desperate place people will go to get a return. the trouble there is many have exorbitant fees and the performance does not make it worthwhile to invest a think we should think of alternative investing in a different way but pick something you know, or love or somebody else and starts a new business american ingenuity comes inifferent packa
. >> although we do think city employees working for detroit did think they would get a reasonable retirement compensation the pension cut of even 20 percent could be devastating with the mismanagement of the budget is a reason to eliminate pensions. >> the it is helped to elect the same liberal idiots that lost their pension-fund they reaped the benefits now they should pay for their mistakes as the only way we will ever regain control of the lost government. >> great...
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it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions, what we haven't talked about are the health benefits owed to government workers. i think the american people, the viewers think of themselves we are and are breaking point with property taxes and we won't pay for necessities have to merge with each of the. we are seeing that in california where cities are merging to take care of the cost of urban sprawl which is too expensive and doesn't work. >> these costs of course are not going away no matter how you restructure its things and you're absolutely right. when it comes to health care costs the unfunded liability f
it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions,...
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>> steve: i'm doing better than detroit. detroit should have seen this coming. when you spend lots more on your outgo than your income, that will be your downfall, to quote you. >> detroit had a real serious maybe terminal case of cranial rectumitis. that's a technical term. in 1954, a little half breed indian woman who was born on a reservation southeast of oklahoma never had more than a second grade education issue never had a bank account, but she pulled her grandson to her and put her arms around him and said, listen, larry wayne, she handed him a 5-dollar bill. she said, you take good care of that and don't spend that like a fool because it may be the last one i ever get to give you. she had been through the depression and knew banks would close. she never had a bank account or credit card. never yet wrote a check in her life. she paid her bill every saturday morning after my grandfather gave her his check from sinclair oil company on friday afternoon. she told me, don't you ever forget this, as she handed me that five. when your outgoing exceeds your incom
>> steve: i'm doing better than detroit. detroit should have seen this coming. when you spend lots more on your outgo than your income, that will be your downfall, to quote you. >> detroit had a real serious maybe terminal case of cranial rectumitis. that's a technical term. in 1954, a little half breed indian woman who was born on a reservation southeast of oklahoma never had more than a second grade education issue never had a bank account, but she pulled her grandson to her and...
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Aug 12, 2013
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>> hie, yeah, charles, on the detroit thing, because i'm from detroit, i'm in detroit. i have to say one thick about that check. yes, we know that was a big mistake, one million in the drawer, you know, kind of like the 13 billion dollars that went poof in the bush administration in iraq. >> nancy, come on. nancy. >> you know, what was not breaking news, what was not national news is we had an election, a mayor primary, the election last week, and in the city of 80% black population, a white guy, a write-in won, a guy who turned around eight hospitals, mike dougin won in a city of 80% african-american people. why is that not big news? that, you know, somebody because of the fiscal abilities was elected by the people of detroit, so to just say go back to the old, oh, a check missing in the drawer. >> in reality, though, to talk about fixing anything, i don't care what it is, an alcoholic or whatever it is, first and foremost, admit you have a problem. i think you, to a certain problem did that by electing someone that may be the city might not have elected before. this i
>> hie, yeah, charles, on the detroit thing, because i'm from detroit, i'm in detroit. i have to say one thick about that check. yes, we know that was a big mistake, one million in the drawer, you know, kind of like the 13 billion dollars that went poof in the bush administration in iraq. >> nancy, come on. nancy. >> you know, what was not breaking news, what was not national news is we had an election, a mayor primary, the election last week, and in the city of 80% black...
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detroit needs help. neil: you don't top go there, i got it -- you don't want to go there i got it. >> i can do it from here. neil: mel car karmazin, a pleas, we know you don't do did that often so thank you we appreciate it. >> thank you. neil: that independent thinking short supply my friend, maybe reason why rear in the deep poop we are in, we'll have more. str. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonsho it's time to build a better enterprise. together. neil: we're saying we're due for their dip? >> i'm not suggestions we're due for a dip, i am just suggestions that kumbaya that i'm hear with reference is single housing market will not withstand the test of time. >> people are worried about keeping a job or offending somebody, i should be
detroit needs help. neil: you don't top go there, i got it -- you don't want to go there i got it. >> i can do it from here. neil: mel car karmazin, a pleas, we know you don't do did that often so thank you we appreciate it. >> thank you. neil: that independent thinking short supply my friend, maybe reason why rear in the deep poop we are in, we'll have more. str. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new...
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Aug 15, 2013
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new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care cost contributing to the financial ruins threaten the economic stability. most new york city employees and retirees pay nothing for $6.3 billion in annual health insurance. workers pay little for pension that have taxpayers on the hook for $8 billion this year. spiegel in your city has 10,000 police officers retired were for under 40 and clayton pensions and they will collect the pensions for the rest of their lives. >> expired at least three years ago, the next mayor will be under pressure to win concessions. >> the unions have tried to wait it out. putti
new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care...
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jobs by paying people to bulldoze houses like this and four years later they have not done it but now detroit is talking about doing this. >> thank goodness it is a shame we did not do it for years ago when we were really in the pits in recent of tired people directly off the unemployment roll electricians are carpenters to go in to do something important. not just turning down the refuse of places of drug addicts a and bad urban blight but we could have put those properties back on the tax roll at the same time we create real jobs. i beg the administration and to do it not even a blank. nothing. nothing at all. it was a good idea it still is a good idea to take interest to restore our country to where they can be proud of the neighborhoods. liz: is there another guitry tidying? chicago is not the next eight troy but some people say there are some cities. >> there are some that have some of the same problems mostly unfunded pension obligations to retired police and firemen and city and county workers and it is a problem waiting to happen. >> at what point on the glove does it worry you right
jobs by paying people to bulldoze houses like this and four years later they have not done it but now detroit is talking about doing this. >> thank goodness it is a shame we did not do it for years ago when we were really in the pits in recent of tired people directly off the unemployment roll electricians are carpenters to go in to do something important. not just turning down the refuse of places of drug addicts a and bad urban blight but we could have put those properties back on the...
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for the success of detroit. thanks very much. >> thanks, chuck. >> for more, check out our website. it's one of a handful of mayor races we think you should keep an eye on this challenger year. for the last type -- i know we said that the last time, but we really need it this time. it really is the last time as the president's chief economic adviser allen krueger join us on the july numbers just out this morning. plus primary problems not for one, not for two, we're up to three senators with big primary challenges. the challenge ahead for mcconnell and graham are unique amongst themselves. the gaggle will be here. first, the white house soup of the day. it's friday, means it's a seafood day, and they throw in to make it a little spicy, seafood gumbo. we'll be right back. >>> the july jobs report came in short of market expectations. even with the jobless rate falling the last two months, were also revised downward. wall street is taking a dim view of things. not surprising. they had a boom day yesterday. all thr
for the success of detroit. thanks very much. >> thanks, chuck. >> for more, check out our website. it's one of a handful of mayor races we think you should keep an eye on this challenger year. for the last type -- i know we said that the last time, but we really need it this time. it really is the last time as the president's chief economic adviser allen krueger join us on the july numbers just out this morning. plus primary problems not for one, not for two, we're up to three...
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think of that detroit airliner bombing. >> that terror group has significant capabilities, expertise and resources. 19 of the almost two dozen american diplomatic posts throughout northern africa that were closed sunday will not open for the rest of the week, as we mentioned earlier and prompting officials that the obama administration said was on the run is running right towards us. the newest messages by senior al qaeda members show the urging of an attack may be complete. >> some individuals who are making plan such as we saw before 9/11, whether they are going to be suicide deaths that are used or whether they're planning on vehicle-borne cars, we don't know. >> counterterrorism officials were paying plenty of attention because of a rash of brazen prison breaks in three countries, freeing hundreds of extremists. july 26, nearly 1,200 inmates were set free in benghazi, libya. july 30th, pakistan, taliban gunmen freed 200 inmates. want it just recently we were told that al qaeda was all but left for dead? >> today al qaeda is on its heels and osama bin laden is dead. >> from the at
think of that detroit airliner bombing. >> that terror group has significant capabilities, expertise and resources. 19 of the almost two dozen american diplomatic posts throughout northern africa that were closed sunday will not open for the rest of the week, as we mentioned earlier and prompting officials that the obama administration said was on the run is running right towards us. the newest messages by senior al qaeda members show the urging of an attack may be complete. >> some...
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we should compare chicago of today to detroit of today, we should prepare chicago today to detroit of 20, 30 years ago and this is the fulcrum point for this mayor. is he going to take on the public employee unions, nine out of ten city workers are unionized? his political power comes from the unionized work force. the trick the mayor is, how does he take down his political face and cut expenditures and 78% of the budget spending. >> right, i want your judgment because he's got to get, i mean, serious concessions from those unions. he just got to do it otherwise, they're -- i mean, they really are in deep trouble. so, my question. >> right. stuart: can he do it? could he get the concessions from his own base and get them to give back a ton of money? can he do it? >> i think he can get some of it. he's going to try to convince the union leaders and rank and file that they have to take a hair cut and never get enough money from the state of illinois, from the country and the federal government is also broke and there's just no money and no appetite for a bailout of chicago let alone det
we should compare chicago of today to detroit of today, we should prepare chicago today to detroit of 20, 30 years ago and this is the fulcrum point for this mayor. is he going to take on the public employee unions, nine out of ten city workers are unionized? his political power comes from the unionized work force. the trick the mayor is, how does he take down his political face and cut expenditures and 78% of the budget spending. >> right, i want your judgment because he's got to get, i...
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Aug 13, 2013
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it's another step closer to making new york city like detroit. we're not detroit. but with actions like this and with actions like the city council where they just recently passed a law that says individuals can actually sue policemen individually, not corporately, it's really unfortunate. >> gretchen: it's interesting to see when you have the police commissioner, ray kelly and the mayor agreeing so strongly on this particular issue, 'cause they don't agree on everything, to see them come out and be so upset about this must say something about the way in which they've been conducting business for the last decade. i just want you to look at the stats. here is new york city crime stats. 2012-2013, murder down 27.5%. murder down, shooting incidents down, 28.6%. so joe, how do you expect that to change when officers can no longer stop and frisk? >> well, officers can still stop and frisk, but they're going to be handcuffed in how they do it. the judge basically thinks and without any credible evidence that police officers are stopping people for -- without having any s
it's another step closer to making new york city like detroit. we're not detroit. but with actions like this and with actions like the city council where they just recently passed a law that says individuals can actually sue policemen individually, not corporately, it's really unfortunate. >> gretchen: it's interesting to see when you have the police commissioner, ray kelly and the mayor agreeing so strongly on this particular issue, 'cause they don't agree on everything, to see them come...
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Aug 1, 2013
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>> eric, i know you're joining us from detroit. a quick question regarding the sales for you guys, up more than 11%. but when you take a look at where trucks were, the real engine of your growth. are you seeing strength in one particular area of truck sales around the country, or is it pretty much across the board? >> it's pretty much across the board, phil. we are seeing some strength in some of the hotter housing markets, such as in california, new york and places like miami, but we're seeing truck strength really across the board. there really aren't any regions across the country that are down on trucks right now. >> while your truck sales were up 22.6%, i want to talk about the fusion, which is your top-selling car. sales down 12%. i know you were supply constrained because you were ramping up production at your flat rock assembly plant, but it brings up the question, did you leave some sales on the table last month? >> well, certainly if we had more inventory on some of our key vehicles like the fusion, we probably could have
>> eric, i know you're joining us from detroit. a quick question regarding the sales for you guys, up more than 11%. but when you take a look at where trucks were, the real engine of your growth. are you seeing strength in one particular area of truck sales around the country, or is it pretty much across the board? >> it's pretty much across the board, phil. we are seeing some strength in some of the hotter housing markets, such as in california, new york and places like miami, but...
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Aug 1, 2013
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the average negligence detroit -- average pension in detroit is $19,000. hardly lavish. the pensions and i would argue we have to save detroit. >> neil: a lot of cities in line. i'm not blaming unions. a lot of inept imaginer -- managers that let his happened but unfunded high schools that can't -- unopportunitied liabilities. you have a host of other u.s. cities in arrears, a number of states on the brink. where do you draw the line? >> the problem in detroit is similar to other stays and that's a conscious effort to deindustrialize america. these are primarily industrial cities. and when we moved production offshore, we lost good-paying jobs -- >> neil: i understand that but it happened. we can blame a lot of people. but it's done. now what do you do to correct that? >> and we lost two-thirds of the population. there's no enter prize in america that can do well,. >> neil: where is the money going to come from? >> we bailed out the banks. and those folks are doing better now than they've ever been. >> neil: bailed out the auto company. >> we gave them a bridge loan. so
the average negligence detroit -- average pension in detroit is $19,000. hardly lavish. the pensions and i would argue we have to save detroit. >> neil: a lot of cities in line. i'm not blaming unions. a lot of inept imaginer -- managers that let his happened but unfunded high schools that can't -- unopportunitied liabilities. you have a host of other u.s. cities in arrears, a number of states on the brink. where do you draw the line? >> the problem in detroit is similar to other...
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Aug 8, 2013
08/13
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what do new york city and detroit have in common? bankruptcy. all that is
what do new york city and detroit have in common? bankruptcy. all that is
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ink detroit. >> thinking detroit, we're going to take up that issue later here in the broadcast with a congressman who wants the federal government to step in, do you think that that is going >> the house of representatives and the senate are not going to allow the president to throw american taxpayer money at detroit or other failed cities. detroit has had decades of warnings. they were spending too much, regulating too much, driving people out othe city, governing poorly. they didn't care, they thought they would be bailed out, they thought other people would pay for their mistakes and the answer is no. enough cies and many states have begun to turn themselves around on unfunded pension liabilities and civil service costs. those stat, utah and wisconsin and new jersey and louisiana, those states are not goin to loot their taxpayers to pay for cities and sates that didn't do anythingo take care of themselves. not ppening. >> and let's turn nowto immigration. word out today, breitbart.com reporting they have corroborating sources saying congressman bob goodlatte is ready to rescue t
ink detroit. >> thinking detroit, we're going to take up that issue later here in the broadcast with a congressman who wants the federal government to step in, do you think that that is going >> the house of representatives and the senate are not going to allow the president to throw american taxpayer money at detroit or other failed cities. detroit has had decades of warnings. they were spending too much, regulating too much, driving people out othe city, governing poorly. they...
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detroit has had cades of warnings. they were spending too much, regulating too much,riving people out of the city, governing poorly. they didn't care, they thought they would be bailed out, they thought other people would pay for their mistakes and the answer is no. enough cities and many states have begun to turn themselves around on unfunded pension liabilities and civil service costs. those states, utah and wisconsin and new jersey and louisiana, those states are not going to loot their taxpayers to pay for cities and states that didn't do anything to take care of themlves. not happening. >> and let's turn now to immigration. word out today, breitbart.com reporting they have corroborating sources saying congressman bob goodlatte is ready to rescue the once dead on arrival gang of eight immigration bill. your reaction? >> well, that's a silly way to put it. what goodlatte doing is what republicans in the house have always said they'reoing to do. they're always vaguely interested in what the senate does. they're never
detroit has had cades of warnings. they were spending too much, regulating too much,riving people out of the city, governing poorly. they didn't care, they thought they would be bailed out, they thought other people would pay for their mistakes and the answer is no. enough cities and many states have begun to turn themselves around on unfunded pension liabilities and civil service costs. those states, utah and wisconsin and new jersey and louisiana, those states are not going to loot their...
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Aug 10, 2013
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look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something, that -- whatever terms they get are going to be realized. and that when they start building something, it is not going to be torn out from underneath them and retraded like a tax break or things like that. where you find municipalities and states trying to track new business by using hose methods. so i think that's a first step. they have got to make sure that they remain credible and right now i think that's a really big issue. if they can do that, then i think that the next step is to bring in tax breaks and other incentives for new in
look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something,...
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Aug 6, 2013
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in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers get to run that city now, not the people who get elected. so tomorrow we'll go through the motions, more than a than a doz will be running in a primary to become detroit's next powerless figurehead mayor who can't do anything. the top two finishers regardless of party will move on to the general election in november and that will give the people of detroit another chance to take part in a pointless exercise in fake democracy that ought to be called a pageant and not an election. and although maybe it's not a bad id
in detroit anymore. the guy on the left of your screen here is dave bing who is the mayor of detroit elected by the people in 2009. he's not running again for the position and i think i know why. the guy on the right is kevin ohr, detroit's emergency manager, he was never elected to his position, he was put in place by michigan's governor. he makes 75% more than the governor makes. whatever he wants, detroit does because he is the emergency manager not the elected leader and emergency managers...
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Aug 7, 2013
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. >> did he mention detroit? >> of course he talked about detroit. >> i distinctly remember -- >> of course he has. >> we're going to leave it there. >> right. >> ladies. >> thanks, sean. >> today was the first day of the trial for major nadal hassan. remember workplace violence. the alleged foot hood shooting gunman. he put on a disgusting display in the courtroom tonight. we're going to head down to tex texas. we have a brutal beating on a florida school bus all caught on tape. we'll show you what happened and examine why nothing was done to stop this. you get to select tonight's video of the day. it appears a bear wanted a late night snack, it went to great lengths to get one. hey, boo boo. you can also vote on twitter@seanhannity. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why
. >> did he mention detroit? >> of course he talked about detroit. >> i distinctly remember -- >> of course he has. >> we're going to leave it there. >> right. >> ladies. >> thanks, sean. >> today was the first day of the trial for major nadal hassan. remember workplace violence. the alleged foot hood shooting gunman. he put on a disgusting display in the courtroom tonight. we're going to head down to tex texas. we have a brutal beating on a...
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Aug 5, 2013
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detroit may be starting that by hiring christie's to appraise the item at the detroit institute of art. cn cnbc's own robert frank joins us now with all of the art details. >> detroit's emergency manager hired christie's to assess the collection of the dia. the art is valued by many at over $1 billion. while there is no specific plan to sell the assets, the move was taken at the request of creditors. he said the city must know the current value of all of its assets, including the city owned check at the dia. orr's statement goes on to say there has never been nor is there now any plan to sell the art. this valuation as well as the valuation of other city assets is an integral part of the restructuring process. he said they will also advise the city on non-sale alternatives. not sure what that means. they will value works like this one, a van gogh portrait that could be worth over $100 million alone, it includes works of picasso, miguel. they say they will continue to folks on being as positive force for the city. this has been a huge controversy with some of the public pensions saying
detroit may be starting that by hiring christie's to appraise the item at the detroit institute of art. cn cnbc's own robert frank joins us now with all of the art details. >> detroit's emergency manager hired christie's to assess the collection of the dia. the art is valued by many at over $1 billion. while there is no specific plan to sell the assets, the move was taken at the request of creditors. he said the city must know the current value of all of its assets, including the city...
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Aug 3, 2013
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take your pick. >> detroit, you have to analyze what really happened there. why did it go wrong? now, there are obvious things. the city what's been run by democrats unchecked since the last republican mayor was 1957. okay? you've had -- that town has been a petri dish of everything the democrat party stands for, everything the democrat party loves. massive unions, massive pensions. pay people pensions and health care long after they've stopped working. the math doesn't add up. you have massive welfare states where citizens are given things left and right in order to buy their votes. you have no opposition whatsoever. then in the case of -- you throw race into the mix and you bring on mayor coleman young who causes riots in 1967 in detroit and mayor young calls a white flight to suburbia and detroit is left with nothing but liberal democrats running it. it is what it is. and anyplace in this country that has similar circumstances, the same fate is going to happen to them. poverty was the other thing? >> poverty. lbj said the war on poverty. we'll have legislation to try to eradic
take your pick. >> detroit, you have to analyze what really happened there. why did it go wrong? now, there are obvious things. the city what's been run by democrats unchecked since the last republican mayor was 1957. okay? you've had -- that town has been a petri dish of everything the democrat party stands for, everything the democrat party loves. massive unions, massive pensions. pay people pensions and health care long after they've stopped working. the math doesn't add up. you have...
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is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% funded. lori: may be funded through property taxes. no one will raise property taxes. >> interesting you say that. former chief financial officer of chicago did an estimate, in order to pay the bill they would have to raise property taxes 50% to 100%. lori: who is going to vote for that? >> the illinois constitution says you have to pay the pensions so here you have the immovable object and irresistible force. >> any other sources? >> no matter where the money comes from is coming from taxpayers, not the state of illinois. they are a fiscal mess. they don't have enough money to put in their pension system. they have been borrowing billions every year and i can't think of another state with a fiscal problem that the level they do so is not from illinois. lori: is in a domino situation? we watched detroit and now chicago, woul
is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% funded. lori: may be funded through property taxes. no one will raise property taxes. >> interesting you say that. former chief financial officer of chicago did an estimate, in order to pay the bill they would have to raise...
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it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking the market little bit but not a whole lot. the stock index trading bejg me still sitting at all-time highs. wwe're thinking but when is bernanke going to be talking about it. that is when the market will really get spooked and lose a lot of ground. stuart: thank you very much, indeed, out there in chicago. the opening bell is ringing. we expect the (to be lower, and it is. this will be a slow trading session, a thin market, thinly traded, but expecting 30 points down in the first few minutes. i want to know about priceline. the stock has been up by about a half this year. had
it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking...
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Aug 6, 2013
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without pay for 50 games, including all-stars nelson cruz of the texas rangers and johnny peralta of the detroit tigers. but the harshest penalty is going to alex rodriguez of the d w york yankees, baseball's highest-paid player is being suspended without pay for a record 211 games. the game has not seen punishment of this scope since the black sox scandal nearly a century nigh don dahler is in chicago where rodriguez and the yankees are playing the white sox tonight. don? >> reporter: mellow, maurice, alex rodriguez has missed most of this season trying to rehab an injury. tonight, weather permitting, he will bat fourth and play third base. but his return to major league baseball may be for a limited time only. >> the last seven months have ben a nightmare. it's been -- you know, probably the worst time of my life for sure. ac reporter: alex rodriguez now stands alone among the 13 players accused of using performance-enhancing drugs. but what we've always fought for is for the process and i think we have that. and at some point we'll sit in front of an arbiter and give it our... give our case.
without pay for 50 games, including all-stars nelson cruz of the texas rangers and johnny peralta of the detroit tigers. but the harshest penalty is going to alex rodriguez of the d w york yankees, baseball's highest-paid player is being suspended without pay for a record 211 games. the game has not seen punishment of this scope since the black sox scandal nearly a century nigh don dahler is in chicago where rodriguez and the yankees are playing the white sox tonight. don? >> reporter:...
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Aug 7, 2013
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detroit, 3.5 billion, plus 5.5 billion? that is $9 billion. where will detroit come up with $9 billion to keep the city runing? you can't cut all the city service to pay -- bill: 42 different unions in detroit operating now. we'll see what the judge does. matt, if you want a good van gogh you might have a shot in detroit. matt mccall. to viewers at home, shoot me an email. hemmer@foxnews.com or follow me on twitter, because you asked, bya, one line and a question mark. we'll get to it tomorrow. thanks, matt. >> thanks, bill. bill: here is heather. >> the trial of the fort hood shooter taking a surreal turn on the very first day. nidal hasan made opening statement and then proceeded to question the very people he shot. a live report from fort hood next. >> i saw everybody screaming. i saw the blood all over and the blood on my chest and i couldn't breathe. i tried to to to the ground to take cover, then i started getting shot more. i mean, felt some bullets. [ male announcer ] come to the golden opportunity sales event and experience the connec
detroit, 3.5 billion, plus 5.5 billion? that is $9 billion. where will detroit come up with $9 billion to keep the city runing? you can't cut all the city service to pay -- bill: 42 different unions in detroit operating now. we'll see what the judge does. matt, if you want a good van gogh you might have a shot in detroit. matt mccall. to viewers at home, shoot me an email. hemmer@foxnews.com or follow me on twitter, because you asked, bya, one line and a question mark. we'll get to it tomorrow....